Govt to sell Sukuk Rp500 billion 26 April 2011?

JAKARTA - The government will sell sukuk islamic countryor state securities with an indicative target of Rp500 billion through the auction on April 26, 2011.

Director General of Debt Management Kemenkeu, Waluyanto in a written statement received here on Thursday, said the sale ofSBSN it to meet part of the national budget financing target in2011.

There are four series that will be auctioned namely SBSN IFR005(resale) with reward / coupon of 9.0 percent and will matureJanuary 15, 2017.

Also IFR0007 series (resale) with reward / 10.25%, and will matureon January 15, 2025.

Series IFR0006 (resale) with reward / coupon 10.25%, maturingMarch 15, 2030. IFR0010 (resale) with reward / 10.00 percentcoupon, maturing February 15, 2036.

Bidders have been determined of 12 banks and four securities companies.

The 12 banks are Bank Mandiri meant, BRI, BNI, Bank Permata,Bank Panin, Bank HSBC, OCBC NISP, Standard Chartered Bank,CIMB Niaga, BII, Citibank, and BNI Syariah. While the foursecurities firms are Danareksa Securities, Mandiri Securities,Trimegah Securities and Bahana Securities.

Sales SBSN will be implemented using pelelanganyang systemorganized by Bank Indonesia as auction agent SBSN.

The auction will be open, using a variety of pricing methods.Basically, all parties, both individual investors and institutions tosubmit bids in the auction.

But in practice, submission of tenders must be through auctionparticipants who have registered and received authorization fromthe Ministry of Finance. (Ant/Ol-3)
source: mediaindonesia.com

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